KFC Corp.

Founded: 1930 Franchising since: 1952
In 1930, Harland Sanders opened Sanders Court & Cafe in the front room of a gas station in Corbin, Kentucky. He was named an honorary Kentucky Colonel in 1936 for his contributions to local cuisine. Colonel Sanders began franchising in 1952 and awarded the first franchise to Pete Harman in Salt Lake City, Utah. Their handshake agreement stipulated that the corporation would receive a royalty of one nickel for each chicken Harman sold.

His recipe is still a secret, but billions of Colonel Sanders' chicken dinners are served annually in more than 80 countries. KFC is now part of Yum! Brands, which also includes A&W Restaurants, Long John Silver's, Pizza Hut and Taco Bell.

Address: 1441 Gardiner Ln. Louisville, Kentucky 40213

Phone: (502)874-8201

Franchise Units

Year	U.S. Franchises	Canadian Franchises	Foreign Franchises	Company Owned
2009	4,297	0	7,482	3,801
2008	4,387	0	7,166	3,339
2007	4,371	0	6,700	3,187
2006	4,277	773	5,316	3,067

Where Seeking Franchisees
Nationwide
Worldwide

Total investment: $1,379,900 - $2,422,500
Franchise fee: $45,000
Ongoing royalty fee: 5%
Term of agreement: 20 years, renewable


Express/kiosk option available

Type of Financing Available

	In-House	Third Party
Franchise Fee	No	Yes
Startup Costs	No	Yes
Equipment	No	Yes
Inventory	No	Yes
Accounts Receivable	No	Yes
Payroll	No	Yes

Qualifications
Net worth requirement: $1,000,000
Cash liquidity requirement: $500,000
Business Experience:

• Industry experience
• General business experience
• Marketing skills

Franchise 500® rank:
#24 (2010); #14 (2009); #7 (2008); #23 (2006);

Fastest-Growing Franchises:
#48 (2008);

America's Top Global Franchises:
#19 (2010); #13 (2009); #2 (2008); #7 (2006);